Millions of pounds is set to be invested in Huddersfield.
David Cameron and Nick Clegg have hailed agreements with local bodies to deliver projects designed to drive growth.
Under the coalition’s Growth Deals scheme, around £2bn a year from Whitehall budgets is being gathered into a Local Growth Fund.
The money is then being channelled through 39 Local Enterprise Partnerships (LEPs), run by councils and businesses.
The latest set of projects to win government approval under the scheme, which will not kick in until the next financial year, include a major scheme involving the University of Huddersfield, and its counterpart in Leeds.
The University of Huddersfield has received £2.9m through the Leeds City Region Enterprise Partnership’s (LEP) Local Growth Deal to boost its Incubation and Innovation Programme, based at Globe Mills.
It will enable SMEs in the advanced manufacturing, digital and creative sectors to access bespoke, state-of-the-art instrumentation such as metal 3D printing and the necessary high-level skills required to exploit the opportunities such equipment can provide.
The investment will also be used to further enhance the University’s relationships with new start-up companies which will be housed in an Incubator Centre based at the new Globe Mills development at Slaithwaite.
Details will be unveiled later today in Huddersfield by Work and Pensions Secretary Iain Duncan Smith.
He is to meet young apprentices working at Kirklees College Engineering Centre.
Mr Cameron said: “Giving local communities the power and the money to unlock growth and development and make the spending decisions that work for them is a key part of our long-term economic plan to secure a brighter future for Britain and ensure a recovery for all.
“That’s what Growth Deals are all about, backing local people and investing in the infrastructure, housing and skills that will drive forward local economies, create more jobs and opportunities for hard-working people and supercharge all parts of our country.”